MA adds jobs in April, but unemployment rises

Bruno Cirelli
Mag 19, 2017

The Georgia Department of Labor (GDOL) announced today that the state's seasonally-adjusted unemployment rate decreased to 5 percent in April, down one-tenth of a percentage point from 5.1 percent in March.

"Though April nonfarm job estimates fell by 1,500 we are still well ahead of last year's pace", said Andy Condon, research director at the Department of Labor.

Connecticut's March unemployment rate was 4.8 percent. "The increase in the unemployed rate for April appears to show workers who are returning to the labor force". Over the year, claims were down by 4,712, or 17.9 percent, from 26,345 in April 2016, with manufacturing and administrative and support services again contributing to the decline.

The biggest job gains over the month were in the professional, scientific and business services sector, which added 6,100 jobs. The participation rate has improved by 1.5 percentage points from April 2016, the state reported. Despite the slight unemployment increase the number of employed is also up, suggesting more individuals are entering the labor market. The uptick came as more people returned to the labor market in search of work.

Just three of Connecticut's 10 major industry super-sectors added jobs in April, led by construction and mining, which added 2,800 positions.

The leisure and hospitality sector had the largest increase of 1,600 jobs. "This means higher borrowing costs, which inevitably get passed along to taxpayers, meaning higher taxes, less job growth and further outmigration". Trade, transportation and utilities lost 1,400 posts. The Bridgeport-Stamford-Norwalk area's employment increased by 200 jobs in the past month, while the Danbury area's total rose by 600. They do not include unemployed Kentuckians who have not looked for employment within the past four weeks.

A consensus of economists had expected the unemployment rate to stay at 6.7 per cent, according to Thomson Reuters. However, because of the small sample size, county unemployment rates are not seasonally adjusted.

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